Zhen Ding Reports 22.39% YoY Revenue Drop


Reading time ( words)

Zhen Ding Technology Holding Limited, a leading global PCB manufacturer, reported November 2022 revenue of NT$15,021 million, down 22.39% YoY and down 29.11% MoM. For January through November 2022, cumulative revenue reached NT$154,666 million, up 15.20% YoY. According to Zhen Ding, the lockdown measures in China have impacted a portion of smartphone peak season shipments in the supply chain, leading to the decline of some order pull-ins in November. With the gradual recovery of the supply chain, Zhen Ding will actively work with its clients and strive to minimize the impact from the supply chain disruption. The company expects that its full year revenue and net profit will both mark record highs again.

In addition, yesterday, Zhen Ding announced on behalf of its subsidiary, Avary Holding (SZSE: 002938), that the BoD has resolved to issue A shares via a private placement. The number of shares to be issued will be no more than 150 million shares and the total amount of the issuance will be no more than RMB4 billion. The main uses of the proceeds include the capacity expansion for high-end HDI and SLP products in Huai'an Park 3, the capacity expansion for automotive and server products in Huai'an Park 1, digital transformation, and fulfilling the needs of its working capital.

Overall, Zhen Ding’s capacity expansion plans are all on schedule, and its ABF fab in Shenzhen has entered the sample certification stage. While the global macro-economic outlook is still highly uncertain, Zhen Ding will continue to execute its growth strategy.

Under the One ZDT strategy, the company will leverage its four product lines to penetrate fast-growing application markets, further strengthening its leading position in the PCB industry.

Share




Suggested Items

An Update on Walt Custer’s EIPC Business Outlook Webinar

10/12/2020 | Pete Starkey, I-Connect007
“We’re not out of trouble yet, but it’s a whole lot better than a couple of months ago.” Walt Custer’s business outlook update, with emphasis on the European electronics industry, attracted a capacity audience to EIPC’s webinar on October 2. Pete Starkey details how it wasn’t all bad news.

Day-to-Day: ZTE and the Potential Impending Trade War Saga

06/14/2018 | Gene Weiner, Weiner International Inc.
Nanya Technology, Taiwan's biggest DRAM chipmaker, will apply for a permit to provide chips to ZTE. The company said it has been notified about restrictions on shipments to ZTE, and that the ban would have limited effect on its operation. The company said on May 9 that it is preparing to apply for a permit to continue shipping chips to ZTE Corp. as export restrictions took a new turn due to a US-China trade spat.

Punching Out! Mid-2017 Report on the State of the N.A. PCB M&A Market

07/26/2017 | Tom Kastner
One of the most popular questions we receive concerns the market for M&A. Here is our take on the current market for PCB shops in North America. In general, the PCB market in North America is not growing, which means that to grow, shops either must take market share from others, or grow through acquisitions.



Copyright © 2023 I-Connect007 | IPC Publishing Group Inc. All rights reserved.